Train Dispatching Market
Train Dispatching Market Forecasts to 2030 - Global Analysis By Railroad Type (Mixed Railroads, Regional & Shortlines, Dedicated Freight Railroads, Dedicated Passenger Railroads and Other Railroad Types), Offering (Solutions and Services), Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $1,044.2 MN |
|
Projected Year Value (2030) |
US $2,034.9 MN |
|
CAGR (2023 - 2030) |
10% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Train Dispatching Market is accounted for $1,044.2 million in 2023 and is expected to reach $2,034.9 million by 2030 growing at a CAGR of 10.0% during the forecast period. Train dispatching is the management and control of train movement on a railway network. Making decisions and providing instructions are necessary for the safe and efficient operation of trains, including their departure, routing, and arrival at different places within the network. Organizing train movements, monitoring the condition of the tracks, and resolving any conflicts or disturbances that may occur are all responsibilities of dispatchers.
According to the Freight Railroad Administration, rail freight accounts for a 39.50% share of the total freight movement in North America. Approximately 700 railroads operate freight services in North America.
Market Dynamics:
Driver:
Increased investments for public safety
The design of cities is being revolutionized by smart technologies. Among the technologies used to create smart cities are smart energy meters, security equipment, smart appliances, and smart transportation. Governments are spending quickly in a variety of fields, including connected cars, smart homes and buildings, smart communication, smart utilities, and smart transportation and utilities. Gaining the trust of the populace while creating a smart environment, which is fueling growth, requires ensuring public safety and security.
Restraint:
Integration complexities
Systems for dispatching trains are integrated using several technological components, including hardware, software, and networks, all of which can be difficult to set up. IT system upgrades are possible for railroad operators. Data exchange is challenging because of the outdated and complicated IT systems now in use. The train dispatching market is anticipated to face significant obstacles in the form of IT and network security limitations meant to reduce privacy invasion and data breaches.
Opportunity:
Globalization and the demand for advanced transport
All forms of railroad traffic are directly impacted by globalization. Increased speed, security, and dependability are in demand. People's needs are evolving continuously, necessitating the development of more practical travel options. Everyone involved in the public and commercial sectors has acknowledged the need for enhanced transportation infrastructure. The ability of more intelligent rail transportation to meet this requirement is recognized by organizations. The demand for train dispatching is anticipated to increase as a result of these factors.
Threat:
Lack of infrastructure for train dispatching systems
In emerging nations, access to smart devices is restricted and the telecommunications infrastructure is underdeveloped, which creates market hurdles. Standardization across data standards, wireless protocols, and technologies has diverged to lessen complexity and expense as enterprises use IoT technologies more frequently, pursue ambient computing technology, and provide a range of IoT solutions. As a result, the absence of standards and protocol is anticipated to be a major market barrier.
Covid-19 Impact:
The COVID-19 pandemic had a detrimental influence on the railway dispatching industry due to the strict lockdowns and social distancing standards enforced to contain the outbreak. The demand for substation automation technology was impacted by the state of the economy, a partial corporate shutdown, and poor consumer confidence. The epidemic interfered with logistics processes and the supply chain. However, the industry is anticipated to pick up speed in the post-pandemic context with the removal of limitations.
The solutions segment is expected to be the largest during the forecast period
The solutions segment is expected to be the largest during the forecast period. Train dispatching software improvements have brought forth a number of features that make the job easier for dispatchers. These developments include multi-colour displays, computer icons, touch-screen monitors, and accurate and thorough information. Additionally, to speed up response times and increase efficiency, these systems can advise the dispatcher to send the nearest and most qualified responder.
The dispatch unit management segment is expected to have the highest CAGR during the forecast period
The dispatch unit management segment is expected to have the highest CAGR during the forecast period. The management of the dispatch centers in charge of planning and directing train movements is the main topic of this section. Data-driven train dispatching in the management of rail transportation operations is now a possibility because to developments in monitoring, communication, and data technology. This market is expanding as a result of the growing requirement for effective train dispatching and the optimization of railway operations.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Some of the main factors contributing to the region's substantial market share are the early adoption of technologies and the globalization of shared services. High-speed railway lines and efforts to build and expand freight infrastructure are the main forces behind the region's industrial growth. Additionally, the region is increasing quickly in terms of freight railroad traffic.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The import and export of goods like coal and oil are made possible by freight trains, which are essential to the local economy. The construction of high-speed rail lines and programs to build and modernize freight infrastructure are major forces behind industry expansion. In the area, the demand for rail freight transportation is growing quickly.
Key players in the market
Some of the key players in Train Dispatching market include Motorola Solutions Inc., Wabtec Corporation, Thales Group, Knorr-Bremse , Mitsubishi Heavy Industries Ltd., InnoTrans, China Railway Signal & Communication Co.Ltd, Alstom SA, Kawasaki Heavy Industries, Bombardier Transportation, General Electric, Hitachi Rail Ltd., Siemens AG, Tracsis PLC and Toshiba.
Key Developments:
In September 2022, Knorr-Bremse unveiled new connected solutions to increase the transport capacity of the existing rail infrastructure at InnoTrans 2022 in Germany. The company unveiled a digital goods train designed for efficient train dispatching and high vehicle availability.
In September 2022, At InnoTrans 2022 in Germany, Knorr-Bremse announced innovative linked solutions to boost the transport capacity of the current rail system. The business introduced a digital goods train with high vehicle availability and effective train dispatching.
In January 2022, Motorola Solutions Inc. has launched the MOTOTRBO R7, a digital two-way radio designed to connect teams in loud and harsh environments. The device has advanced audio features and a slim, rugged design and is programmed and updated over the air via Wi-Fi.
Railroad Types Covered:
• Mixed Railroads
• Regional & Shortlines
• Dedicated Freight Railroads
• Dedicated Passenger Railroads
• Other Railroad Types
Offerings Covered:
• Solutions
• Services
Applications Covered:
• Reporting & Analysis
• Call Management
• Dispatch Unit Management
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of the Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Train Dispatching Market, By Railroad Type
5.1 Introduction
5.2 Mixed Railroads
5.3 Regional & Shortlines
5.4 Dedicated Freight Railroads
5.5 Dedicated Passenger Railroads
5.6 Other Railroad Types
6 Global Train Dispatching Market, By Offering
6.1 Introduction
6.2 Solutions
6.3 Services
7 Global Train Dispatching Market, By Application
7.1 Introduction
7.2 Reporting & Analysis
7.3 Call Management
7.4 Dispatch Unit Management
7.5 Other Applications
8 Global Train Dispatching Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Motorola Solutions Inc.
10.2 Wabtec Corporation
10.3 Thales Group
10.4 Knorr-Bremse
10.5 Mitsubishi Heavy Industries Ltd.
10.6 InnoTrans
10.7 China Railway Signal & Communication Co.Ltd
10.8 Alstom SA
10.9 Kawasaki Heavy Industries
10.10 Bombardier Transportation
10.11 General Electric
10.12 Hitachi Rail Ltd.
10.13 Siemens AG
10.14 Tracsis PLC
10.15 Toshiba
List of Tables
1 Global Train Dispatching Market Outlook, By Region (2021-2030) ($MN)
2 Global Train Dispatching Market Outlook, By Railroad Type (2021-2030) ($MN)
3 Global Train Dispatching Market Outlook, By Mixed Railroads (2021-2030) ($MN)
4 Global Train Dispatching Market Outlook, By Regional & Shortlines (2021-2030) ($MN)
5 Global Train Dispatching Market Outlook, By Dedicated Freight Railroads (2021-2030) ($MN)
6 Global Train Dispatching Market Outlook, By Dedicated Passenger Railroads (2021-2030) ($MN)
7 Global Train Dispatching Market Outlook, By Other Railroad Types (2021-2030) ($MN)
8 Global Train Dispatching Market Outlook, By Offering (2021-2030) ($MN)
9 Global Train Dispatching Market Outlook, By Solutions (2021-2030) ($MN)
10 Global Train Dispatching Market Outlook, By Services (2021-2030) ($MN)
11 Global Train Dispatching Market Outlook, By Application (2021-2030) ($MN)
12 Global Train Dispatching Market Outlook, By Reporting & Analysis (2021-2030) ($MN)
13 Global Train Dispatching Market Outlook, By Call Management (2021-2030) ($MN)
14 Global Train Dispatching Market Outlook, By Dispatch Unit Management (2021-2030) ($MN)
15 Global Train Dispatching Market Outlook, By Other Applications (2021-2030) ($MN)
16 North America Train Dispatching Market Outlook, By Country (2021-2030) ($MN)
17 North America Train Dispatching Market Outlook, By Railroad Type (2021-2030) ($MN)
18 North America Train Dispatching Market Outlook, By Mixed Railroads (2021-2030) ($MN)
19 North America Train Dispatching Market Outlook, By Countryal & Shortlines (2021-2030) ($MN)
20 North America Train Dispatching Market Outlook, By Dedicated Freight Railroads (2021-2030) ($MN)
21 North America Train Dispatching Market Outlook, By Dedicated Passenger Railroads (2021-2030) ($MN)
22 North America Train Dispatching Market Outlook, By Other Railroad Types (2021-2030) ($MN)
23 North America Train Dispatching Market Outlook, By Offering (2021-2030) ($MN)
24 North America Train Dispatching Market Outlook, By Solutions (2021-2030) ($MN)
25 North America Train Dispatching Market Outlook, By Services (2021-2030) ($MN)
26 North America Train Dispatching Market Outlook, By Application (2021-2030) ($MN)
27 North America Train Dispatching Market Outlook, By Reporting & Analysis (2021-2030) ($MN)
28 North America Train Dispatching Market Outlook, By Call Management (2021-2030) ($MN)
29 North America Train Dispatching Market Outlook, By Dispatch Unit Management (2021-2030) ($MN)
30 North America Train Dispatching Market Outlook, By Other Applications (2021-2030) ($MN)
31 Europe Train Dispatching Market Outlook, By Country (2021-2030) ($MN)
32 Europe Train Dispatching Market Outlook, By Railroad Type (2021-2030) ($MN)
33 Europe Train Dispatching Market Outlook, By Mixed Railroads (2021-2030) ($MN)
34 Europe Train Dispatching Market Outlook, By Countryal & Shortlines (2021-2030) ($MN)
35 Europe Train Dispatching Market Outlook, By Dedicated Freight Railroads (2021-2030) ($MN)
36 Europe Train Dispatching Market Outlook, By Dedicated Passenger Railroads (2021-2030) ($MN)
37 Europe Train Dispatching Market Outlook, By Other Railroad Types (2021-2030) ($MN)
38 Europe Train Dispatching Market Outlook, By Offering (2021-2030) ($MN)
39 Europe Train Dispatching Market Outlook, By Solutions (2021-2030) ($MN)
40 Europe Train Dispatching Market Outlook, By Services (2021-2030) ($MN)
41 Europe Train Dispatching Market Outlook, By Application (2021-2030) ($MN)
42 Europe Train Dispatching Market Outlook, By Reporting & Analysis (2021-2030) ($MN)
43 Europe Train Dispatching Market Outlook, By Call Management (2021-2030) ($MN)
44 Europe Train Dispatching Market Outlook, By Dispatch Unit Management (2021-2030) ($MN)
45 Europe Train Dispatching Market Outlook, By Other Applications (2021-2030) ($MN)
46 Asia Pacific Train Dispatching Market Outlook, By Country (2021-2030) ($MN)
47 Asia Pacific Train Dispatching Market Outlook, By Railroad Type (2021-2030) ($MN)
48 Asia Pacific Train Dispatching Market Outlook, By Mixed Railroads (2021-2030) ($MN)
49 Asia Pacific Train Dispatching Market Outlook, By Countryal & Shortlines (2021-2030) ($MN)
50 Asia Pacific Train Dispatching Market Outlook, By Dedicated Freight Railroads (2021-2030) ($MN)
51 Asia Pacific Train Dispatching Market Outlook, By Dedicated Passenger Railroads (2021-2030) ($MN)
52 Asia Pacific Train Dispatching Market Outlook, By Other Railroad Types (2021-2030) ($MN)
53 Asia Pacific Train Dispatching Market Outlook, By Offering (2021-2030) ($MN)
54 Asia Pacific Train Dispatching Market Outlook, By Solutions (2021-2030) ($MN)
55 Asia Pacific Train Dispatching Market Outlook, By Services (2021-2030) ($MN)
56 Asia Pacific Train Dispatching Market Outlook, By Application (2021-2030) ($MN)
57 Asia Pacific Train Dispatching Market Outlook, By Reporting & Analysis (2021-2030) ($MN)
58 Asia Pacific Train Dispatching Market Outlook, By Call Management (2021-2030) ($MN)
59 Asia Pacific Train Dispatching Market Outlook, By Dispatch Unit Management (2021-2030) ($MN)
60 Asia Pacific Train Dispatching Market Outlook, By Other Applications (2021-2030) ($MN)
61 South America Train Dispatching Market Outlook, By Country (2021-2030) ($MN)
62 South America Train Dispatching Market Outlook, By Railroad Type (2021-2030) ($MN)
63 South America Train Dispatching Market Outlook, By Mixed Railroads (2021-2030) ($MN)
64 South America Train Dispatching Market Outlook, By Countryal & Shortlines (2021-2030) ($MN)
65 South America Train Dispatching Market Outlook, By Dedicated Freight Railroads (2021-2030) ($MN)
66 South America Train Dispatching Market Outlook, By Dedicated Passenger Railroads (2021-2030) ($MN)
67 South America Train Dispatching Market Outlook, By Other Railroad Types (2021-2030) ($MN)
68 South America Train Dispatching Market Outlook, By Offering (2021-2030) ($MN)
69 South America Train Dispatching Market Outlook, By Solutions (2021-2030) ($MN)
70 South America Train Dispatching Market Outlook, By Services (2021-2030) ($MN)
71 South America Train Dispatching Market Outlook, By Application (2021-2030) ($MN)
72 South America Train Dispatching Market Outlook, By Reporting & Analysis (2021-2030) ($MN)
73 South America Train Dispatching Market Outlook, By Call Management (2021-2030) ($MN)
74 South America Train Dispatching Market Outlook, By Dispatch Unit Management (2021-2030) ($MN)
75 South America Train Dispatching Market Outlook, By Other Applications (2021-2030) ($MN)
76 Middle East & Africa Train Dispatching Market Outlook, By Country (2021-2030) ($MN)
77 Middle East & Africa Train Dispatching Market Outlook, By Railroad Type (2021-2030) ($MN)
78 Middle East & Africa Train Dispatching Market Outlook, By Mixed Railroads (2021-2030) ($MN)
79 Middle East & Africa Train Dispatching Market Outlook, By Countryal & Shortlines (2021-2030) ($MN)
80 Middle East & Africa Train Dispatching Market Outlook, By Dedicated Freight Railroads (2021-2030) ($MN)
81 Middle East & Africa Train Dispatching Market Outlook, By Dedicated Passenger Railroads (2021-2030) ($MN)
82 Middle East & Africa Train Dispatching Market Outlook, By Other Railroad Types (2021-2030) ($MN)
83 Middle East & Africa Train Dispatching Market Outlook, By Offering (2021-2030) ($MN)
84 Middle East & Africa Train Dispatching Market Outlook, By Solutions (2021-2030) ($MN)
85 Middle East & Africa Train Dispatching Market Outlook, By Services (2021-2030) ($MN)
86 Middle East & Africa Train Dispatching Market Outlook, By Application (2021-2030) ($MN)
87 Middle East & Africa Train Dispatching Market Outlook, By Reporting & Analysis (2021-2030) ($MN)
88 Middle East & Africa Train Dispatching Market Outlook, By Call Management (2021-2030) ($MN)
89 Middle East & Africa Train Dispatching Market Outlook, By Dispatch Unit Management (2021-2030) ($MN)
90 Middle East & Africa Train Dispatching Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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